Forecast Of The Day: PepsiCo’s Frito-Lay North America Revenues
Why?
PepsiCo’s (NYSE:PEP) Frito-Lay North America Revenues have increased from around $17.1 billion in 2019 to $18.2 billion in 2020. Trefis expects the metric to rise to $20.6 billion in 2021 and to $21.6 billion in 2022.
Why?
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We expect growth to be driven by an increasing focus on healthy snacks and growth in the savory market in the U.S.
So What?
However, we think that the projected growth in snack sales is largely priced into PepsiCo stock. We value PEP at $167 per share, slightly ahead of the $161 market price.
See Our Complete Analysis For PepsiCo
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